Kokapet locality in Hyderabad has seen a significant surge in residential property prices with an 89% increase, among all other localities in Hyderabad which has seen notable price appreciation over the past five years.
According to a recent ANAROCK research report, Hyderabad’s real estate market has grown dramatically in the last five years, with some micro-markets experiencing significant price increases.
Kokapet leads among all localities:
Leading the surge is Kokapet, which saw an astonishing 89% increase in residential property values.
Multiple factors have helped to explain Kokapet’s real estate boom. Major IT hubs, first-rate infrastructure, and the growth of luxury homes have made this a desirable spot for investors and purchasers.
The area’s explosive expansion has created a demand that has driven up property values.
According to the ANAROCK analysis, the average price in Kokapet was Rs 4,750 per sq. ft. in 2019, but it increased to Rs 9,000 per sq. ft. in the first half of 2024.
This development is mostly driven by the area’s appeal as a premium residential hub, with 52% of new releases falling in the ultra-luxury sector, with prices above Rs 2.5 crore.
In the next position is Bachupally & Tellapur in Hyderabad Real Estate:
Bachupally experienced a rise in average property prices of 57%, going from Rs 3,690 per square foot in 2019 to Rs 5,800 per square foot in H1 2024.
This increase occurred after Kokapet experienced a similar increase. Meanwhile, Tellapur’s costs on properties, increased by 53%, rising from Rs 4,819 per square foot to Rs 7,350 per square foot over the same period.
With an average gain of 64 percent between 2019 and H1 2024, Hyderabad has had the largest city-level price appreciation among India’s top seven cities.
This is the case since Hyderabad has seen the highest overall appreciation in this period.
While this is happening, the city has seen a significant increase in the number of new residential units being built, notably in strategic regions such as Tellapur.
Between 2019 and the first half of 2024, Tellapur introduced 18,960 new units, with average prices reaching Rs 7,350 per square foot.
This represents a 53 percent increase from the previous year’s price of Rs 4,819 per square foot.
Sixty-six percent of the total new supply was in the premium and middle-range categories, with thirty-four percent falling in the band of more than Rs 1.5 Cr bracket.
| Locality | Per sq. ft price in 2019 (in Rs) | Per sq. ft price in H1 2024 (in Rs) | Price appreciation (in percent) |
| Kokapet | 4,750 | 9,000 | 89 |
| Bachupally | 3,690 | 5,800 | 57 |
| Tellapur | 4,819 | 7,350 | 53 |
List of top 10 localities in India, Hyderabad’s Kokapet ranks Second:
| City | Area | Per sq. ft price in 2019 (in Rs) | Per sq. ft price in H1 2024 (in Rs) | Price appreciation (in percent) |
| Bengaluru | Bagaluru | 4,300 | 8,151 | 90 |
| Hyderabad | Kokapet | 4,750 | 9,000 | 89 |
| Bengaluru | Whitefield | 4,765 | 8,600 | 80 |
| NCR | Dwarka Expressway | 5,359 | 9,600 | 79 |
| Bengaluru | Sarjapur Road | 5,870 | 9,300 | 58 |
| Hyderabad | Bachupally | 3,690 | 5,800 | 57 |
| Hyderabad | Tellapur | 4,819 | 7,350 | 53 |
| MMR | Panvel | 5,520 | 8,300 | 50 |
| NCR | New Gurugram | 6,100 | 9,000 | 48 |
| MMR | Dombivli | 6,625 | 9,300 | 40 |
The real estate market in Kokapet, Hyderabad, had a big price appreciation and is now second on the list of the top 10 places where prices went up the most.
According to Anarock’s research, the top seven cities have had over 44% price appreciation in the last five years.
Citywise, between the period 2019 and H1 2024, the most growth happened in Hyderabad, which was 64%. Bengaluru came in second, with 57% growth. Kolkata had the slowest price rise, at 25%.
NCR and MMR both experienced a 48 percent price increase over this time.
Summing up, When contemplating an investment in real estate in Hyderabad, Kokapet is unquestionably a location that should be taken into consideration.
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